4 June 2014 Are your personal finances helping to damage the climate? Chances are they are, without you even knowing it. Do you have a bank deposit? Are you a member of a super fund? Do you own shares? If so, your money is probably being used to finance the companies...
Blog
Making your finances fossil free
On 29 May and 3 June 2014, Market Forces, in conjunction with 350.org and the Australia Institute, ran forums in Sydney and Melbourne to release a new report examining how individuals can make their personal finances fossil free. A summary of the report's main...
What I did on my “holiday”: European banks won’t fund Abbot Point
27 May 2014 I’m on my way back to Australia and taking stock after a whirlwind tour of France, Germany and the UK, where three major banks were targeted and called on to not fund the Abbot Point coal port expansion in the Great Barrier Reef. I can’t deny that the last...
Deutsche Bank rules out financing Abbot Point coal port expansion
22 May 2014 Deutsche Bank made an important commitment at their annual general meeting that could help us keep many more banks from financing the expansion of coal exports in Australia. Deutsche Bank’s Chairman agreed that the bank would not consider any request to...
Keeping Euros out of dirty coal in Australia
5 May 2014 If we’re going to stop new dirty coal projects getting funded, we need to work both in Australia and internationally. Market Forces is in Europe where, over the next couple of weeks, several banks that are key to new coal export projects in Australia are...
2014 Federal Budget response
Melbourne, 13 May 2014 “This budget is a huge ‘up yours’ to the clean, renewable energy industry, climate change action and environmental protection,” said Market Forces Lead Campaigner Julien Vincent. “If appointing a climate change denier to head the review of the...
Media release: Big Four banks lose customers over fossil fuel gamble
Big Four banks lose customers over fossil fuel gamble 3rd May 2014: This weekend, hundreds of customers with Australia’s biggest banks have shut down their accounts to protest the banks’ lending to Australian coal and gas projects. Public divestment actions took place...
Adani given “Stranded Asset” award for 3rd most unburnable coal
30 April 2014 Adani - owners of what would be Australia's biggest ever coal mine - have just been ranked as the company with the third most unburnable coal in the world. We thought that was an achievement worth recognising, so in a mock award celebration, Market...
Why Josh left Commbank: fossil fuels
Letter from Josh Wyndham-Kidd to Commonwealth Bank: I am writing to let you know why I decided to close my account with the Commonwealth. I have been with your bank since I opened my first Dollarmites savings account in early primary school. I remember the excitement...
Coal industry going for super funds
24 March 2014 Well here's a sign that the coal industry is in trouble. But its going to need a response. The Australian newspaper ran a story that documented the coal industry's plans to lobby fund managers - including Australian superannuation funds - to stay...